LONDON (Reuters) – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the bloc’s inflationary situation has...
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Shell ends 2021 on high note, hikes dividend and boosts buybacks
By Ron Bousso LONDON (Reuters) – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading...
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Carlsberg looks beyond beer for growth in new strategy
COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Thursday it would look for growth beyond its core beer market over the next five years to focus on categories like cider, seltzers and alcohol free beer. The Copenhagen-based company...
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Electric car transition puts over 70,000 jobs at risk in Italy, unions and lobby say
MILAN (Reuters) – The transition to electric vehicles will put around 73,000 jobs at risk in Italy, metal workers’ unions and a lobby group said on Thursday, calling on the government to start discussions on measures to...
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Siemens to increase research and development spending – CEO
ZURICH (Reuters) – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker of trains and factory...
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Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo
By Emma-Victoria Farr LONDON (Reuters) – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters. A bank spokesperson confirmed the...
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